Zacks Research Upgrades onsemi (NASDAQ:ON) to “Strong-Buy”

onsemi (NASDAQ:ON) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on ON. Needham & Company LLC lifted their price objective on shares of onsemi from $72.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler lifted their price objective on shares of onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Stifel Nicolaus lifted their price objective on shares of onsemi from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Susquehanna lifted their price objective on shares of onsemi from $100.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, onsemi presently has a consensus rating of “Hold” and an average price target of $87.27.

onsemi Stock Performance

Shares of NASDAQ:ON opened at $100.73 on Wednesday. The firm has a market cap of $39.48 billion, a PE ratio of 71.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.94. The firm’s 50 day simple moving average is $71.73 and its 200-day simple moving average is $62.05. onsemi has a one year low of $38.69 and a one year high of $105.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.98 and a current ratio of 4.87.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities analysts predict that onsemi will post 3.08 EPS for the current year.

Insider Buying and Selling at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the sale, the insider owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,114 shares of company stock worth $11,282,308 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

Institutional investors have recently bought and sold shares of the company. CVA Family Office LLC boosted its stake in onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after buying an additional 149 shares during the period. Quent Capital LLC acquired a new position in shares of onsemi in the 3rd quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of onsemi by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 235 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its position in shares of onsemi by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 218 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI/data?center momentum — analysts and articles highlight onsemi’s AI data?center revenue rebound and margin improvement, which underpin higher 2026 earnings expectations and investor interest in ON’s secular exposure. Can ON Sustain Its AI-Driven Revenue Rebound Through 2026?
• Positive Sentiment: Auto content and strategic partnership — onsemi expanded its strategic partnership with Geely to accelerate EV development, a catalyst for automotive revenue growth; B. Riley upgraded the stock following the deal. ON Semi Expands Partnership With Geely, B. Riley Upgrades to Buy
• Positive Sentiment: Analyst support — multiple shops have raised targets or reiterated constructive views (examples: Morgan Stanley/Barclays moves noted in recent coverage), which provides a higher benchmark for upside. Why ON Semiconductor is One of the Top Semiconductor Stocks
• Neutral Sentiment: Convertible notes financing with buyback intent — onsemi priced $1.3B of convertible senior notes due 2031 and said it may use proceeds partly to repurchase up to $400M of shares and to pay for hedge transactions. The use of proceeds (debt paydown + buyback) is constructive long term, but the financing introduces complex near?term market mechanics. onsemi Announces Pricing of Private Offering of $1.3 Billion of 0% Convertible Senior Notes
• Negative Sentiment: Hedging & potential selling pressure — the company and counterparties disclosed convertible?note hedge and warrant transactions; hedge counterparties often sell or trade underlying shares to establish and adjust positions, which can depress the stock in the short run and raise dilution/convertibility concerns for investors. onsemi Announces Pricing of Private Offering of $1.3 Billion of 0% Convertible Senior Notes (GlobeNewswire)

onsemi Company Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.